Emirates NBD sells silver bars; new investment opportunity in Dubai

Emirates NBD has launched its proprietary brand of silver bars to make it easier for investors to access precious metals. This initiative follows the widespread reception of the bank's gold bars late last year.

The silver bars are available in four weights: 100 grams, 250 grams, 500 grams, and one kilogram, allowing investors with different budgets to enter this market based on their financial strategy.

These bars are produced to international standards and have a high purity. The Emirates NBD stamp on each bar guarantees its quality and authenticity, and pricing is directly based on the global silver rate.

Ahmed Al Qasim, Head of Wholesale Banking Group at Emirates NBD, stated that this offering complements the bank's multi-asset physical platform and will bridge the gap between the wholesale market and retail access.

Global demand for real assets is on the rise, and silver has gained a special status as a safe asset and due to its applications in clean energy technologies. Omar Al Hajj, Group Treasurer, mentioned that silver has become an effective tool for diversifying investment portfolios.

This step is part of Emirates NBD's strategy to build a comprehensive platform for physical precious metals that combines secure purchasing, banking certification, and digital access for investors.

Source: Gulf News